U.S.: Safety Glass Market 2024

Safety Glass Market Size in the U.S.

The U.S. safety glass market fell modestly to $X in 2022, which is down by -3.5% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.0% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Safety Glass Production in the U.S.

In value terms, safety glass production dropped to $X in 2022. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 17%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Safety Glass Exports

Exports from the U.S.

In 2022, after two years of growth, there was significant decline in overseas shipments of safety glass, when their volume decreased by -6% to X square meters. Over the period under review, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,123% against the previous year. The exports peaked at X square meters in 2021, and then contracted in the following year.

In value terms, safety glass exports fell modestly to $X in 2022. In general, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2021 when exports increased by 6.9% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X square meters), Mexico (X square meters) and France (X square meters) were the main destinations of safety glass exports from the United States, together comprising 88% of total exports. Germany, the UK and Malaysia lagged somewhat behind, together comprising a further 4%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +25.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for safety glass exports from the United States, comprising 53% of total exports. The second position in the ranking was held by Mexico ($X), with a 25% share of total exports. It was followed by Germany, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+0.4% per year) and Germany (-16.2% per year).

Export Prices by Country

The average safety glass export price stood at $X per square meter in 2021, reducing by -9.7% against the previous year. Overall, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 636% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per square meter), while the average price for exports to Mexico ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.1%), while the prices for the other major destinations experienced a decline.

Safety Glass Imports

Imports into the U.S.

In 2022, purchases abroad of safety glass decreased by -1.9% to X square meters, falling for the second year in a row after three years of growth. Overall, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by 68% against the previous year. As a result, imports attained the peak of X square meters. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, safety glass imports amounted to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 38%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of safety glass to the United States, accounting for a 57% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X square meters), threefold. Canada (X square meters) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+19.8% per year) and Canada (+14.4% per year).

In value terms, China ($X), Mexico ($X) and Canada ($X) were the largest safety glass suppliers to the United States, together comprising 74% of total imports. These countries were followed by Japan, Colombia, Turkey, Germany and Malaysia, which together accounted for a further 15%.

Malaysia, with a CAGR of +38.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2021, increasing by 27% against the previous year. Overall, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Canada ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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